You are planning on buying $100,000 face value of Australian Commonwealth Government Bonds.The bonds mature on 15 February 2022 and have a coupon rate of 4.75%.If your purchase will settle on 27 April 2012, and the quoted yield for the bond is 5.13%, what is the cash price of the bonds to the nearest dollar?

Hayden Ltd intends to make its first dividend payment 4 years(s) from now. It then intends to pay dividends annually thereafter. The company has announced it expects the first three dividends to all be of the magnitude of around 5 cents per share. Subsequent dividends will then be paid out at a set rate of 50% of earnings. Your earnings forecasts for this coming year suggest that $0.20 Earnings per Share (EPS) is the most likely outcome. You are then forecasting EPS growth of around 4.3% p.a. in perpetuity. What would beyour valuation of Hayden Ltd's shares, given you require a 15% p.a. return?

State your answer in dollars to THREE decimal places.

AA Co. has forecasted its next dividend (to be paid in one year) to be $2.00 per share. It is expected that dividends will grow at 4% indefinitely. Assuming a discount rate of 12%, what is the current price of AA Co.?